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ACA Best Practices: Learning from Year One of Annual Reporting and Looking to the Future

ACA Best Practices: Learning from Year One of Annual Reporting and Looking to the Future

Congratulations!! If you were an Applicable Large Employer (ALE) for tax year 2015, you have nearly made it through your first year of annual health care reporting. You’re likely close to issuing the new annual information return to each employee that was full-time for at least one month in 2015 (IRS Form 1095-C, Employer-Provided Health Insurance Offer and Coverage) and are in the process of communicating employee data to the IRS. For some of you, this may have been a smooth process. For others, there may have been some bumps along the way, which is to be expected for the first time through something as complex as Annual Health Care Reporting. Either way, now is the time to start proactively planning for next year—and equally as important, finding out what you need to be on the lookout for to ensure this annual process goes as uneventfully as possible. Listen to our latest webinar to get critical insights on how you can prepare for next year’s annual reporting, including the...

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ADP Meeting of the Minds 2016 Stimulates Conversation, Networking and Learning

ADP Meeting of the Minds 2016 Stimulates Conversation, Networking and Learning

There was no shortage of in-depth discussions, meetings with peers and colleagues, and increasing our HCM IQ at ADP Meeting of the Minds 2016 last week.  To foster those activities, we conducted nearly 200 educational sessions for more than 1,400 attendees, delivered under the theme “Build Your Capital.”  We hope those sessions also informed attendees’ efforts to make HR a strategic contributor to the success of the companies they represent. Our goal is to help HR leaders refine the processes they use to acquire, develop and retain talent, as well as show how they can improve the user experience for their employees.  Here are some additional ways we did that. For the second year, we hosted a daylong Executive Strategy Summit, where we discussed business issues, such as how leadership strategies are changing in the face of dramatic shifts in the workplace, how to infuse innovation into business models, and how to execute on business strategies and transformations.  More than 100 human resources, talent and finance C-suite executives gave...

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The Open Enrollment Conversation

The Open Enrollment Conversation

It’s the single most important benefits event of the year. But for some of your clients and their employees, it’s dreaded as much as a root canal. Why should Open Enrollment be such a challenge? After all, employee benefits make up a good portion of your clients’ total compensation packages. Your clients undoubtedly want to offer their employees high-quality benefits that they will value and effectively use. When you’re talking benefits plans with your clients, here are a few conversation starters to consider: With the unemployment rate currently sitting at 4.9%, hiring has become increasingly difficult. Have you thought about the impact this will have on your benefits strategy? Have you weighed the cost of your benefits plan against the costs of turnover, understaffing and potential overtime? Have you considered migrating toward a consumer-directed health plan strategies in advance of the 2020 Excise Tax? You can also reinforce that smart benefits enrollment and administration are the keys to a successful program. Ask them: Have you considered the importance of...

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ACA Best Practices: Learning from Year One of Annual Reporting and Looking to the Future

ACA Best Practices: Learning from Year One of Annual Reporting and Looking to the Future

Congratulations!! If you were an Applicable Large Employer (ALE) for tax year 2015, you have nearly made it through your first year of annual health care reporting. You’re likely close to issuing the new annual information return to each employee that was full-time for at least one month in 2015 (IRS Form 1095-C, Employer-Provided Health Insurance Offer and Coverage) and are in the process of communicating employee data to the IRS. For some of you, this may have been a smooth process. For others, there may have been some bumps along the way, which is to be expected for the first time through something as complex as Annual Health Care Reporting. Either way, now is the time to start proactively planning for next year—and equally as important, finding out what you need to be on the lookout for to ensure this annual process goes as uneventfully as possible. This Saint Patrick’s Day, don’t rely on luck to find out what you need to know on the latest updates to...

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2016 Tax Credits and Incentives Following Year-End Legislation

2016 Tax Credits and Incentives Following Year-End Legislation

U.S.-based businesses could have a major opportunity to benefit from tax credits following year-end legislation. The Omnibus Spending Bill H.R. 2029 and the PATH Act (Protecting Americans from Tax Hikes Act of 2015), signed into law at the end of 2015, include the extension of more than 50 tax credits and incentive programs that expired on Dec. 31, 2014. This includes an array of federal tax credits that offer incentives to employers who implement various hiring, training and investing practices. Work Opportunity Tax Credit (WOTC) – Extended for five years through 2019, WOTC is designed to encourage employers to hire and retain individuals from various target groups, including veterans of war, welfare recipients and the newly added “long-term unemployed” category, among others. Through this program, businesses can qualify for a tax credit of up to $9,600 per eligible employee for the first year of employment. Federal Empowerment Zone Employment Credit – Businesses that hire employees who live and work in an empowerment zone, which are designated distressed urban and...

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